The countdown has begun. There are only a few weeks left until the end of the year to put in place strategies to reduce your 2023 income tax. Let’s rule out real estate investments under the Pinel regime from the outset: it is too late to sign a deed of purchase before December 31. It is better to concentrate on financial investments, the subscription of which can be done within the allotted time frame. “Until December 15 is ideal,” recommends Cyrille Gerbert, wealth management advisor within the Neofa network. Beyond that, the saver takes the risk that the subscription will be postponed to the start of the following year. for administrative reasons.”
With this calendar in mind, priority is given to the retirement savings plan (PER)! Payments are deductible from taxable income within certain ceilings. Thus, 10,000 euros paid into a PER before the end of the year will allow a tax saving of 3,000 euros for a taxpayer in the marginal tax bracket (TMI) at 30%. To find out your TMI and your deductible payment limit, simply look at your tax notice. To check before starting. “You can combine the current year’s ceiling with those of the last three years if you have not used them, which can be interesting when you have a large sum to invest, such as a salary bonus”, notes Stéphane van Huffel, the founder of Netinvestment. But be careful, savings stored in a PER are blocked there until retirement, except in exceptional cases.
It is also possible to reduce your tax by subscribing to the capital of SMEs, via mutual funds for investment in innovation (FCPI) or local investment funds (FIP) which undertake to devote at least 70% to it. funds. These payments entitle you to a tax reduction corresponding to 25% of the share of the investment made in SMEs. “You have to be very selective when choosing your product because not all management companies have historically been able to generate added value,” underlines Cyrille Gerbert. A few experienced players, such as Alto Invest or Entrepreneur Invest, are well established. Payments are capped at 12,000 euros for a single person, double that for a couple.
The purchase of wood and forests is also an option since it entitles you to a tax credit of 25% of the investment. “The deadlines are too short to buy a forest between now and December 31, and this requires strong involvement from the saver since it has to be exploited,” warns Guillaume Eyssette, associate director of Gefinéo. On the other hand, it is still time to subscribe to a forest land group, itself invested in forests, and benefiting from the same tax advantage.” Like GFI France Valley Patrimoine, the largest vehicle of this type.
Another option: the Industrial Girardin system, which consists of financing production goods – utility vehicles, cranes, machines, etc. – for companies based overseas. But this solution only has a tax benefit. “The industrial Girardin is at a loss since the saver knows that he will not recover his capital,” explains Guillaume Eyssette. As compensation, he obtains a tax reduction greater than his initial investment, of between 110% and 120%. of its investment.” Before getting started, the prerequisite is to identify a serious operator, such as Ecofip or Inter Invest.
Finally, it is possible to reduce your tax bill by acting generously. Donations to an organization of general interest or recognized as being of public utility entitle you to a tax reduction of 66% of the amount paid, up to 20% of taxable income. Those to organizations helping people in difficulty – Médecins sans frontières, Restos du coeur, Secours populaire, Unicef, etc. – offer a tax reduction of 75% for a donation up to 1,000 euros, and 66% above. of the. Donations also have the advantage of being excluded from the overall cap on tax loopholes of 10,000 euros from which each household can benefit, just like the PER.